olivLaw · US equity research
Beyond Meat, Inc. BYND
Food and Kindred Products · SIC 2000 · Vertical: Food and Kindred Products (SIC 2000)
Beyond Meat is a US food company producing plant-based meat across beef, pork and poultry, and it is now repositioning toward a broader plant-protein portfolio. Sales have continued to decline while the company has pursued cost reductions and a new brand framing, 'Beyond The Plant Protein Company'. Net revenues were 275.5 mn USD in fiscal 2025 and 68.8 mn USD in the second quarter of 2026.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Beyond Meat, Inc. (BYND) stock was 7.15 USD (−1.65% on the day), with market capitalisation 3.7 bn USD, beta 1.56, 52-week range 6.57–41.70 USD. Latest reported quarter (Q2 2026): revenue of 68.8 m USD (−8.2% YoY), net income of 16.4 m USD, diluted EPS -0.06 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 40.9
- weak (30–45)
- Bollinger (20, 2)
- 6.53 – 7.68
- in the upper half of the band · %B 0.54 · band width 16.3%
- SMA 50 / 200
- 9.16 / 18.38
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.57 / -0.77
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −11.3% | −1.1% | −10.2 pp | — |
| 3 months | −60.9% | −0.5% | −60.5 pp | — |
| 6 months | −77.1% | +4.4% | −81.5 pp | — |
| Year to date | −70.9% | +12.3% | −83.3 pp | — |
| 1 year | −82.1% | +13.5% | −95.6 pp | −44.5% |
| 3 years | −96.6% | +76.4% | −173.0 pp | −65.9% |
| 5 years | −99.8% | +63.7% | −163.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 27 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81.0 m | 76.7 m | 68.7 m | 75.0 m | 70.2 m | 61.6 m | 58.2 m | 68.8 m |
| Cost of revenue | 66.7 m | 66.7 m | 75.7 m | 67.0 m | 63.0 m | 68.7 m | 56.2 m | 63.0 m |
| Gross profit | 14.3 m | 10.0 m | -6.9 m | 7.9 m | 7.2 m | -7.1 m | 2.0 m | 5.9 m |
| Research & development | 6.1 m | 6.7 m | 7.5 m | 5.8 m | 4.9 m | 5.0 m | 5.2 m | 4.2 m |
| SG&A | 39.1 m | 41.1 m | 50.0 m | 39.6 m | 37.2 m | 95.2 m | 37.9 m | 32.5 m |
| Operating income | -30.9 m | -37.8 m | -64.4 m | -37.5 m | -112.3 m | -130.2 m | -41.1 m | -30.8 m |
| Depreciation & amortisation | 5.3 m | 5.7 m | 7.4 m | 8.3 m | 9.4 m | 7.7 m | 6.8 m | 6.7 m |
| Interest expense | 1.0 m | 1.0 m | 1.0 m | 2.0 m | 4.4 m | 6.6 m | 6.7 m | 6.6 m |
| Pre-tax income | -26.5 m | -44.9 m | -61.1 m | -31.8 m | -110.7 m | 411.9 m | -28.5 m | 16.4 m |
| Income tax | 6.0 k | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -26.6 m | -44.9 m | -61.1 m | -31.8 m | -110.7 m | 411.9 m | -28.5 m | 16.4 m |
| Diluted EPS | -0.41 | -0.65 ≈ | -0.80 | -0.42 | -1.44 | 0.86 ≈ | -0.06 | -0.06 |
| Operating cash flow | -22.0 m ≈ | -29.0 m | -26.1 m | -31.8 m ≈ | -40.2 m ≈ | -46.8 m | -5.0 m | -18.1 m ≈ |
| Capex | 2.0 m ≈ | 6.5 m | 4.5 m | 1.9 m ≈ | 2.9 m ≈ | 3.0 m | 2.5 m | 1.5 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 87.9 m | 297.9 m | 406.8 m | 464.7 m | 418.9 m | 343.4 m | 326.5 m | 275.5 m |
| Revenue YoY | +169.9% | +238.8% | +36.6% | +14.2% | −9.8% | −18.0% | −4.9% | −15.6% |
| Net income | -29.9 m | -12.4 m | -52.8 m | -182.1 m | -366.1 m | -338.1 m | -160.3 m | 219.0 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -0.29 | -0.85 | -2.88 | -5.75 | -5.26 | -2.43 | -1.83 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -34.0% | -4.2% | -13.0% | -39.2% | -87.4% | -98.5% | -49.1% | 79.5% |
| Free cash flow | -59.9 m | -70.8 m | -97.7 m | -437.3 m | -390.7 m | -118.4 m | -109.8 m | -157.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 203.9 m USD
- Financial debt
- 415.7 m USD
- Net debt
- 211.9 m USD
- Equity
- -997.0 k USD
- Total assets
- 614.7 m USD
- Debt / equity
- unavailable
- Current ratio
- 4.56x
- ROE
- unavailable
- ROA
- 33.9%
- FCF margin
- -57.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 406.8 m | 464.7 m | 418.9 m | 343.4 m | 326.5 m | 275.5 m | SEC (XBRL)· 09 Apr 2026verified |
| Cost of revenue | 284.5 m | 347.4 m | 442.7 m | 426.0 m | 284.8 m | 267.9 m | SEC (XBRL)· 09 Apr 2026verified |
| Gross profit | 122.3 m | 117.3 m | -23.7 m | -82.7 m | 41.7 m | 7.6 m | SEC (XBRL)· 09 Apr 2026verified |
| Research & development | 31.5 m | 66.9 m | 62.3 m | 39.5 m | 28.1 m | 23.2 m | SEC (XBRL)· 09 Apr 2026verified |
| SG&A | 133.7 m | 209.5 m | 239.5 m | 203.7 m | 169.7 m | 217.8 m | SEC (XBRL)· 09 Apr 2026verified |
| Operating income | -49.3 m | -174.9 m | -342.8 m | -341.9 m | -156.1 m | -333.6 m | SEC (XBRL)· 09 Apr 2026verified |
| Depreciation & amortisation | 13.3 m | 21.7 m | 32.6 m | 48.1 m | 23.1 m | 32.8 m | SEC (XBRL)· 09 Apr 2026verified |
| EBITDA | -36.0 m ≈ | -153.3 m ≈ | -310.2 m ≈ | -293.8 m ≈ | -133.0 m ≈ | -300.8 m ≈ | SEC (XBRL)· 09 Apr 2026derived |
| Interest expense | 2.6 m | 3.6 m | 4.0 m | 4.0 m | 4.1 m | 14.0 m | SEC (XBRL)· 09 Apr 2026verified |
| Pre-tax income | -52.7 m | -179.1 m | -347.2 m | -334.2 m | -160.2 m | 219.1 m | SEC (XBRL)· 09 Apr 2026verified |
| Income tax | 72.0 k | 60.0 k | 32.0 k | 5.0 k | -26.0 k | 0 | SEC (XBRL)· 09 Apr 2026verified |
| Net income | -52.8 m | -182.1 m | -366.1 m | -338.1 m | -160.3 m | 219.0 m | SEC (XBRL)· 09 Apr 2026verified |
| Diluted EPS | -0.85 | -2.88 | -5.75 | -5.26 | -2.43 | -1.83 | SEC (XBRL)· 09 Apr 2026verified |
| Weighted average diluted shares | 62.3 m | 63.2 m | 63.6 m | 64.3 m | 66.0 m | 180.9 m | SEC (XBRL)· 09 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 159.1 m | 733.3 m | 309.9 m | 190.5 m | 131.9 m | 203.9 m | SEC (XBRL)· 09 Apr 2026verified |
| Receivables | 36.0 m | 43.8 m | 34.2 m | 31.7 m | 26.9 m | 26.1 m | SEC (XBRL)· 09 Apr 2026verified |
| Inventories | 121.7 m | 241.9 m | 235.7 m | 130.3 m | 113.4 m | 84.0 m | SEC (XBRL)· 09 Apr 2026verified |
| Current assets | 332.2 m | 1.1 bn | 606.5 m | 372.8 m | 286.5 m | 341.5 m | SEC (XBRL)· 09 Apr 2026verified |
| Property, plant & equipment, net | 115.3 m | — | — | — | — | — | SEC (XBRL)· 01 Mar 2021verified |
| Total assets | 468.0 m | 1.4 bn | 1.1 bn | 774.5 m | 678.1 m | 614.7 m | SEC (XBRL)· 09 Apr 2026verified |
| Accounts payable | 53.1 m | 69.0 m | 55.3 m | 56.0 m | 37.6 m | 20.5 m | SEC (XBRL)· 09 Apr 2026verified |
| Short-term debt | 25.0 m | 0 | 0 | 0 | 0 | 0 | SEC (XBRL)· 09 Apr 2026verified |
| Long-term debt | 0 | 1.1 bn | 1.1 bn | 1.1 bn | 1.1 bn | 415.7 m | SEC (XBRL)· 09 Apr 2026verified |
| Current liabilities | 89.0 m | 94.2 m | 75.8 m | 74.4 m | 61.5 m | 74.9 m | SEC (XBRL)· 09 Apr 2026verified |
| Equity | 367.1 m † | 132.5 m † | -203.5 m † | -513.4 m † | -601.2 m † | -997.0 k † | SEC (XBRL)· 09 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -40.0 m | -301.4 m | -320.2 m | -107.8 m | -98.8 m | -144.9 m | SEC (XBRL)· 09 Apr 2026verified |
| Capex | 57.7 m | 136.0 m | 70.5 m | 10.6 m | 11.0 m | 12.3 m | SEC (XBRL)· 09 Apr 2026verified |
| Free cash flow | -97.7 m ≈ | -437.3 m ≈ | -390.7 m ≈ | -118.4 m ≈ | -109.8 m ≈ | -157.2 m ≈ | SEC (XBRL)· 09 Apr 2026derived |
| Investing cash flow | -74.9 m | -147.5 m | -87.5 m | -9.5 m | -6.2 m | -10.3 m | SEC (XBRL)· 09 Apr 2026verified |
| Financing cash flow | -1.8 m | 1.0 bn | 276.0 k | -550.0 k | 45.8 m | 223.4 m | SEC (XBRL)· 09 Apr 2026verified |
| Share repurchases | 0 | — | — | — | — | — | SEC (XBRL)· 01 Mar 2021verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 50.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.7 bn USD
Key indicators
Coverage and freshness
Score by group
50% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 50.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -103.5% | 0 (vs peers) | 21% |
| Net margin · Quality | 111.7% | 100 (vs peers) | 13% |
| FCF conversion · Quality | -41.5% | 0 (on a fixed band) | 13% |
| Revenue CAGR 3Y · Growth | -13.0% | 0 (on a fixed band) | 17% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -12.9x | 0 (on a fixed band) | 13% |
| Current ratio · Balance sheet | 2.6x | 100 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -3.3% | 0 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality27/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BEYOND MEAT, INC. (BYND). Latest full fiscal year: 2025; data up to 2026-06-27.
Figures computed from the financial statements: revenue 275.5 m USD in 2025; YoY growth -15.6%; net margin 111.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 50.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 111.7%
- Current ratio: 2.6x
What contradicts it
- ROIC: -103.5%
- FCF conversion: -41.5%
- Revenue CAGR 3Y: -13.0%
- Interest coverage: -12.9x
- FCF yield: -3.3%
Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Food and Kindred Products (SIC 2000) · same industry (4-digit SIC) · compared with 20 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MDLZMondelez International, Inc. | 85.3 bn | 21.2 | 15.5% | 10.2% | +5.8% | +17% / −5% |
| CAGConagra Brands, Inc. | 7.3 bn | — | -24.9% | -17.0% | −2.9% | −14% / −46% |
| CPBThe Campbell’s Company | 6.9 bn | 17.8 | 10.4% | 4.1% | −5.0% | −24% / −42% |
| OTLYOatly Group AB | 5.1 bn | — | -247.9% | -17.7% | +4.7% | −34% / −55% |
| BYNDBeyond Meat, Inc. | 3.7 bn | — | — | 111.7% | −15.6% | −82% / −97% |
| STKHSteakholder Foods Ltd. | 2.3 bn | — | -266.3% | -112,470.0% | unavailable | −95% / −100% |
| FLOFlowers Foods Inc | 1.5 bn | 27.3 | 4.0% | 1.1% | unavailable | −34% / −66% |
| BRBRBellRing Brands, Inc. | 1.2 bn | 7.2 | — | 7.3% | +16.1% | −67% / −81% |
| SMPLThe Simply Good Foods Company | 1.2 bn | — | -9.6% | -11.5% | −6.5% | −32% / −66% |
| VITLVital Farms, Inc. | 450.8 m | — | -7.4% | -3.0% | +25.3% | −68% / −21% |
| UCFICN Healthy Food Tech Group Corp. | 287.8 m | 36.7 | 39.2% | 24.6% | +144.6% | −46% / unavailable |
| BGSB&G Foods, Inc. | 208.9 m | — | -15.8% | -4.0% | unavailable | −44% / −72% |
| CHSNChanson International Holding | 131.0 m | 112.0 | 0.5% | 1.0% | +0.2% | −99% / −100% |
| SOWGSow Good Inc. | 44.4 m | — | -346.4% | — | unavailable | −75% / −98% |
| MLECMoolec Science SA | 32.7 m | — | -86.4% | -130.0% | +521.5% | −86% / −100% |
| LSFLaird Superfood, Inc. | 26.9 m | — | -22.9% | -3.4% | +15.2% | −12% / +129% |
| BOFBranchOut Food Inc. | 25.9 m | — | -202.6% | -56.8% | +113.3% | −45% / +8% |
| BRLSBorealis Foods Inc. | 24.7 m | — | — | -56.5% | +8.2% | −38% / −90% |
| HAINThe Hain Celestial Group, Inc. | 13.7 m | — | -96.8% | -22.5% | −13.2% | −86% / −99% |
| NOMDNomad Foods Limited | — | — | 5.3% | 4.5% | −2.2% | +2% / −22% |
| DDCDDC Enterprise Limited | — | — | -124.4% | -123.3% | +4.6% | −96% / −100% |
1- and 3-year price returns: for BYND from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 7.27 Total return 2% · Per year 2% | 12.92 Total return 81% · Per year 81% | 19.54 Total return 173% · Per year 173% |
| 3 years | 5.77 Total return -19% · Per year -7% | 11.66 Total return 63% · Per year 18% | 19.54 Total return 173% · Per year 40% |
| 5 years | 4.58 Total return -36% · Per year -9% | 10.52 Total return 47% · Per year 8% | 19.54 Total return 173% · Per year 22% |
- Exit P/E± 2.91
- Net margin± 2.04
- Annual revenue growth± 1.84
- Annual dilution± 0.17
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results).
In brief
Beyond Meat is a US food company producing plant-based meat across beef, pork and poultry, and it is now repositioning toward a broader plant-protein portfolio. Sales have continued to decline while the company has pursued cost reductions and a new brand framing, 'Beyond The Plant Protein Company'. Net revenues were 275.5 mn USD in fiscal 2025 and 68.8 mn USD in the second quarter of 2026.
SWOT
Strengths
- The company has a product platform covering the three main meat categories and more than seventeen years of experience in the field. It also runs a research and innovation team focused on reformulating its products.
- The direct-to-consumer channel gives a route to test new products with fast consumer feedback. The brand also remains recognised and is supported by partnerships with health organisations.
- Debt restructuring and the gains from extinguishing debt have temporarily improved reported net results, although these do not reflect operating performance.
Weaknesses
- The company has a history of losses and negative operating cash flows, and operating losses have remained large in recent years.
- Gross margins are very thin, and cost of goods sold per pound rose in the latest quarter. The company also relies on a limited number of suppliers for pea protein.
- Volumes sold have fallen across the main channels, showing that cost reductions have not been enough to offset the revenue decline.
Opportunities
- Expansion into beverages and other plant-protein products could reduce dependence on the declining plant-based meat category, if launches succeed.
- Growth in international retail and new launches such as Beyond Steak Filet could support sales, if the trend holds.
- The direct-to-consumer channel could help validate products before broad launches, potentially reducing investment risk.
Threats
- Declining demand for plant-based meat could continue, especially in the refrigerated segment, with effects on volumes and prices.
- Tariffs and trade tensions could raise raw material costs and affect demand in Canada and Europe.
- Competition, customer consolidation and consumers trading down to cheaper proteins could limit the company's ability to hold prices.
Risks
- History of losses and negative operating cash flowhigh
The company has not offset falling revenues with sufficient cost reductions, and operating cash flow has remained negative. Without a clear operating recovery, it could depend on additional financing.
- Declining category demandhigh
Demand for plant-based meat has fallen for three years, and the company has not yet shown a clear reversal of the trend. This could affect volumes and margins over the longer term.
- Supplier dependence and tariffsmedium
Pea protein comes mostly from Canada and suppliers are limited. Tariffs or supply chain disruptions could raise costs and reduce the availability of raw materials.
- Risk from investment in new categoriesmedium
Repositioning toward beverages and other categories requires investment in marketing, distribution and working capital. The company acknowledges there is no assurance these initiatives will generate sufficient returns.
- Debt and dilution riskmedium
The debt restructuring produced accounting gains, but conversions of notes and exercise of warrants could dilute existing shareholders. Covenants may also limit future operations.
Investment thesis
What would need to be true (bull case)
- If cost reductions and a better product mix take effect, gross margin could recover and operating losses could narrow.
- Expansion into beverages and other plant-protein categories could reduce dependence on the declining plant-based meat demand.
- Growth in international retail and new product launches could signal stabilisation in some segments, if the trend is confirmed in coming quarters.
What would break the thesis
- Demand for plant-based meat could keep falling, and volumes could stay below earlier levels, limiting the effect of cost reductions.
- Gains from debt restructuring do not reflect operating performance, and the company could keep reporting losses and negative operating cash flows.
- Tariffs, competition and consumers switching to other proteins could pressure prices and margins, especially if raw material costs rise.
What to watch
- Trend in volumes sold in US retail and foodserviceQ3 2026
- Results of the Beyond Immerse launch in retail and other channelsQ3 2026
- Gross margin and cost of goods sold per pound after cost reductionsQ4 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results).
The business
Beyond Meat presents itself as a plant-based meat company selling products across the three main meat categories of beef, pork and poultry, in ready-to-cook and ready-to-heat formats. The company says it aims to create products that are, to human senses, hard to tell apart from their animal-based equivalents, and it seeks cost reductions through lean value streams and more efficient inventory management. Since early 2026 it has also launched adjacent products such as the Beyond Immerse protein drink, initially sold through its direct-to-consumer channel Beyond Test Kitchen.
Segments
US and international retail
US retail revenues declined in the second quarter of 2026, while international retail grew, supported by burger and chicken sales in Europe, the UK and Canada. The company also cited the US retail debut of Beyond Steak Filet as a sign of stabilisation in its core meat business.
Foodservice
Foodservice declined both in the US and internationally, due to lower volumes to QSR customers and reduced points of distribution. The company linked these declines to weak category demand and changes in product sales mix.
Beyond Test Kitchen and adjacent products
The Beyond Test Kitchen direct-to-consumer channel, launched in the fourth quarter of 2025, lets the company test new products before wider release. The company also announced a distribution agreement for Beyond Immerse in the New York metropolitan area, which could expand the beverage segment if investments pay off.
Market context
The company describes demand for plant-based meat as persistently declining over the past three years, particularly in the refrigerated subsegment. In the first half of 2026 product volumes fell across the category, and competitors face more intense activity and shifting perceptions about the health attributes of these products. The premium price of plant-based meat relative to animal meat remains a significant obstacle for price-sensitive consumers.
Trends
- Declining demand for plant-based meatheadwind
If category demand keeps falling, the company's volumes could remain under pressure. The company notes that demand has declined persistently over the past three years.
- Shift toward broader plant proteinmixed
The company is repositioning its brand and extending its portfolio into beverages and other plant-protein products, which it sees as faster-growing categories. This could open new revenue sources but requires added investment in marketing and distribution.
- Tariff and trade policy pressureheadwind
Tariffs on imports, particularly from Canada where most pea protein volume is sourced, could raise costs and reduce demand. Anti-American sentiment in some countries has been named as an additional risk.
- Cost reduction and operational streamliningtailwind
The company has carried out several workforce reductions, ceased operations in China and rationalised its SKUs. If these measures lower operating costs, gross margin could gradually recover, although results are not assured.
Competitive position
The company operates in a competitive category where new entrants are appearing and customer consolidation may weaken its bargaining position. The source texts do not name specific competitors, but they cite intensifying competitive activity in the category as one of the factors affecting results.
- Other US plant-based meat producers
The sources only mention rising competition and new market entrants, without naming specific companies.
- Animal meat producers
The sources note that the premium price of plant-based meat can push consumers toward animal meat or other cheaper proteins.
- Other low-cost protein sources such as beans
Consumers trading down to other protein sources, including legumes, is explicitly cited as a competitive pressure in the text.
- Large QSR customers and distributors
These are not direct competitors, but the concentration of volume in a few customers and distributors shapes the company's commercial terms.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- He’s lost hundreds of thousands in stocks like SpaceX and Beyond Meat — and he’s not stopping. Is the ‘high’ worth it?Yahoo Finance — News · 11 Sept 2026 · EN
- If You Invested $10,000 in Beyond Meat Stock During Its IPO, You’d Have Just $150 TodayYahoo Finance — News · 09 Sept 2026 · EN
- He’s lost hundreds of thousands in stocks like SpaceX and Beyond Meat — and he’s not stopping. Is the ‘high’ worth it?Yahoo Finance — News · 03 Sept 2026 · EN
- Additional transfusion risk emerges for patients with tick-borne alpha-gal syndrome, beyond meat allergyMedical Xpress · 25 Aug 2026 · EN
- How to Play Beyond Meat Stock After Its 30-for-1 Reverse SplitYahoo Finance — News · 22 Aug 2026 · EN
The latest news item in our archive is from 11 Sept 2026; the newest SEC filing is from 04 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report04 Nov 2026Results of operations · Financial statements and exhibits
- Current report01 Oct 2026Departure or appointment of officers
- Current report23 Sept 2026Item 3.02 · Other events
- Current report22 Sept 2026Other events
- Current report01 Sept 2026Other events
- Current report14 Aug 2026Item 3.03 · Amendments to articles or bylaws · Other events · Financial statements and exhibits
- Current report11 Aug 2026Other events · Financial statements and exhibits
- Current report10 Aug 2026Material agreement · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Beyond Meat, Inc. · 09 Apr 2026
- [2] Form 10-Q, quarter ended 2026-06-27 · SEC / Beyond Meat, Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Beyond Meat, Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.